If You Invested $1,000 in BlackRock in 2013, This Is How Much You Would Have Today
Building wealth is as simple as buying enough quality companies and owning them for the long run. That's because businesses become more valuable as they increase revenue and profits.
During the past 10 years, the asset manager (NYSE: BLK) has turned a $1,000 investment into $3,500 with dividends reinvested. This is an attractive total return compared to the $3,300 that the same investment in the S 500 index now would be worth.
But can BlackRock's total returns continue to outpace the broader market? Let's look at its fundamentals and valuation to find out.
Source Fool.com
Blackrock Inc. Stock
€743.90
0.920%
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Blackrock Inc..
As a result the target price of 793 € shows a slightly positive potential of 6.6% compared to the current price of 743.9 € for Blackrock Inc..
